EVERYONE IS BUYING REAL ESTATE! SOME FOR THEMSELVES, SOME FOR THEIR LANDLORDS! If you are currently renting, call me to see if you could qualify to make your own mortgage payments, instead of your landlord's! The market in the Santa Maria Valley, including Orcutt and Guadalupe, is somewhat down at this time. Inventory remains fairly low in single family homes, but there are not as many buyers as before either. Prices declining in some cases, but not falling radically. Currently, over 62% of our inventory is "distressed", i.e. short sales or REO/bank owned listings. Interest rates are still very low, in the 3-4.5% range depending on the loan program and buyer qualifications. There is a lot of motivation for buyers to act now! The fact remains: there is only one certainty in today's housing and banking industries: NOTHING IS CERTAIN. Things change from day to day!
Remember, by the time you know the market hit bottom, it will be six months later and prices will have started moving upward. It's impossible to accurately track market trends until they are over.
Questions about SHORT SALES? Please give me a call at 805-937-5777 or send an email to DAnn@DAnnBartley.com and I'll get back to you as quickly as possible! You will see more and more short sales on the market in the coming months. If you need to sell short, call me for information on the process, as I have experience in handling these transactions and am sensitive to the issues.
ZIP Codes: 93454, 93455, 93458 Approximate Location Boundaries: Entire Santa Maria Valley, including the City of Santa Maria and the towns of Orcutt & Guadalupe
Location Characteristics: One of the most beautiful areas on the Central Coast, the Santa Maria Valley is approximately 60 minutes north of Santa Barbara and 40 minutes south of San Luis Obispo!
